Week Ahead: Alaska’s Cook Inlet Lease Sale, WA’s Carbon Auction, MD Expands Energy Storage
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Oil and Gas Lease Sale in New Mexico and Oklahoma Generates Nearly $327 Million
The Bureau of Land Management on Jan. 6 completed a quarterly oil and gas lease sale covering 31 parcels across New Mexico and Oklahoma, generating $326.8 million in total receipts and leasing more than 20,000 acres of federal land. The agency noted that this sale includes the highest single acre bid of any BLM oil…...
U.S. Interior’s First Lease Sale Under the One Big Beautiful Bill Act Generates $279 Million
The U.S. Interior Department on Dec. 10 announced that the Bureau of Ocean Energy Management completed Lease Sale Big Beautiful Gulf 1, launching a new phase of offshore oil and gas development under the One Big Beautiful Bill Act. The auction generated $279 million in high bids for 181 blocks across federal waters in the…...
EPA Finalizes Extensions of Methane Emission Requirements for Oil and Gas Industry
The U.S. Environmental Protection Agency on Nov. 26 finalized its action on the July 2025 interim rule extending multiple compliance deadlines under the 2024 methane standards for new and modified oil and natural gas facilities. The measure provides additional time for operators to meet technical and reporting obligations under the Clean Air Act and is…...
U.S. Interior Department Initiates Overhaul of National Offshore Oil and Gas Leasing Strategy
The U.S. Interior Department on Nov. 20 issued a directive titled Unleashing American Offshore Energy to replace the Biden administration’s 2024–2029 offshore leasing program with a more expansive plan set for completion by October 2026. The action begins development of the 2026–2031 National Outer Continental Shelf Oil and Gas Leasing Program and reflects the administration’s…...